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Thursday, October 28, 2021

Fed Benefits From Weak Economy – Expert

In his most recent podcast, Peter Schiff said something that seems rather perplexing on the surface. He said that the current stock market rally isn’t being driven by a strong economy. It’s actually being driven by a weak economy.How can this be?Well, the underlying economic weakness is what keeps the Federal Reserve in play and…

Federal Reserve: Out-sourcing the Monetary System to the Money Trust Oligarchs Since 1913

Submitted by Steve Brown… Today, ‘money’ is a guarantee to honor government debt, where the currency in our pockets represents tax claims as well as debt purchased by the Federal Reserve and others (1) from the US Treasury, so that the Federal Reserve may issue the notes that constitute the cash in your wallet. Just…

Central Banks Buying More Gold

Banks worldwide ripping themselves away from Fed’s dollar The central bank gold-buying spree shows no sign of letting up as countries seek to diversify their reserves away from the US dollar.Globally, central banks added another net 47.5 tons of gold to their reserves in September, according to the latest data from the World Gold Council.There were no significant…

Peter Schiff Warns of Coming Higher Consumer Prices Amid Weakening Dollar

Years ago, markets used to pay a lot of attention to the money supply and trade deficits. Now, these numbers barely get a passing mention. In his latest podcast, Peter Schiff said he thinks what is old will become new again and trade deficits and money printing will once again come front and center.The dollar…

Bigger Bubble than ’08 Financial Crisis Set to Burst

Expert warns Fed’s next ‘solution’ won’t work “In case the people in this room didn’t know, the financial crisis of 2008, which I had been forecasting for some time, and the Great Recession that ensued, was caused predominantly by the Federal Reserve.”This was the opening line of Peter Schiff’s talk at the Las Vegas MoneyShow.The…

Fed Buys $14 Billion in US Bonds in Two Weeks

Treasury needs all the help it can get financing the massive government deficits Has QE4 already started?For the first time since October 2014, the Federal Reserve has bought a significant number of US Treasurys. Over the past two weeks, the Fed purchased $14 billion in US bonds.Up until 2 weeks ago, it had been 250…

Fed Protects Politicians From Consequences of Bad Economic Decision-Making

The Federal Reserve makes life easier for politicians by pursuing monetary policies that shield them from the consequences of bad economic decision-making.By keeping interest rates low and printing money, the Fed hides the nefarious impact of government spending, trade wars and other bad policies.Peter Schiff talked about this in a recent podcast.In an op-ed by…

Fed Chair Powell Set to Disappoint Markets in Upcoming Speech

While the full program of this year’s Jackson Hole symposium will be released tonight at 8pm ET, what we do know is that Chair Powell will address the symposium on Friday, August 23, at 10 AM ET.Powell is widely expected to preface his prepared remarks with an update on current conditions that acknowledges continued risks…

Fed Has US Economy on Life Support

The Federal Reserve has the US economy on monetary life support and Daily Reckoning managing editor Brian Maher says it will never again breathe on its own. As hedge fund manager Kyle Bass put it, the economy is trapped within the inescapable tractor beam of zero percent interest rates.“As we have all learned, once an economy falls…

Fed’s Next Stimulus Setting Economy Up For Failure

The longer the signals in capital markets go haywire under the influence of “monetary stimulus,” the bigger is the cumulative economic cost. That is one big reason why this fourth Fed stimulus — in the present already-longest (but lowest-growth) of super-long business cycles — is so dangerous.True, there is nothing new about the Fed imparting…
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